Which of the following explains why a seller might charge a high price when a new video game console is first released and then lower the price as time goes by? Select one: a. The buyers want to buy the new video game console only if the price is high because a high price signals good quality. b. The seller wants to test the market to see how consumers react to the product. c. The seller has to sell the newly released video game console at the government-mandated price. d. The seller can charge a high price to consumers who want to be the first ones to own a newly released product

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